Belgium: Aedifica continues acquisition spree

Healthcare real estate firm Aedifica continues its recent acquisition spree by taking over the Familiehof care home in Schelle for €14m (US$16.4m).

Built in 1987 and renovated and extended in 2012, Familiehof accommodates 107 elderly people requiring continuous care.

VivaltoHome, a player active in the Belgian senior care sector since 2009, owns the operating company of the residential care centre. It operates 28 residential care centres across Belgium, providing 24-hour care .for elderly people who are no longer able to live independently at home.

The care home is let on the basis of a new irrevocable 27-year triple net lease. The initial net rental yield is 4.5%.

“This transaction clearly shows that in addition to international expansion, an investor specialised in healthcare real estate such as Aedifica can still make attractive deals on the highly consolidated Belgian market,” said chief executive Stefaan Gielens.